STI ekes out gains thanks to a late rally

SINGAPORE'S Straits Times Index (STI) managed to close in positive territory on Friday during a mixed session of trading in Asia.

The local benchmark index made gains towards the end of the session to close at 3,356.95, up just 6.67 points or 0.2 per cent.

The STI, like many others in the region, opened lower following a Thursday session on Wall Street due to US corporate earnings that were a mixed bag.

"As the latest US corporate earnings season rolls along, investors appear unsure as to whether the upside surprises are sustainable, even though almost 80 per cent…